Dimensional Fund Advisors LP Buys 11,270 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Dimensional Fund Advisors LP grew its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 498,923 shares of the company’s stock after purchasing an additional 11,270 shares during the period. Dimensional Fund Advisors LP’s holdings in i3 Verticals were worth $11,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. AltraVue Capital LLC acquired a new stake in i3 Verticals in the fourth quarter worth about $20,993,000. Raymond James Financial Inc. acquired a new stake in shares of i3 Verticals during the 4th quarter worth approximately $13,313,000. Legato Capital Management LLC bought a new stake in shares of i3 Verticals during the fourth quarter worth approximately $4,233,000. New York State Common Retirement Fund lifted its holdings in i3 Verticals by 1,855.9% in the fourth quarter. New York State Common Retirement Fund now owns 175,833 shares of the company’s stock valued at $4,051,000 after buying an additional 166,843 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC boosted its stake in i3 Verticals by 32.3% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 276,530 shares of the company’s stock valued at $6,371,000 after acquiring an additional 67,489 shares during the last quarter. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Price Performance

Shares of i3 Verticals stock opened at $25.66 on Friday. The company has a market capitalization of $848.68 million, a P/E ratio of 5.71 and a beta of 1.31. The business has a 50-day moving average of $24.74 and a two-hundred day moving average of $24.69. i3 Verticals, Inc. has a 1 year low of $18.75 and a 1 year high of $29.80.

i3 Verticals (NASDAQ:IIIV) last posted its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. On average, equities analysts anticipate that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IIIV has been the subject of several recent research reports. Morgan Stanley upped their target price on shares of i3 Verticals from $22.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. KeyCorp upped their price objective on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 10th. DA Davidson raised their target price on i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, BMO Capital Markets upped their price target on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.86.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.